The publicly quoted environmental services and raw materials provider ALBA SE together with its subsidiaries once again generated stronger earnings in financial year 2015 than in the previous year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) went up by EUR 7.6 million or 22.5 percent to EUR 41.2 million. Earnings before taxes climbed even more strongly: After two years of negative EBT, the figure shot up by EUR 44.2 million and as announced was back in positive figures at EUR 9.9 million.
“The figures prove that we are right on course with our restructuring. With regard to the operating result our plans have been confirmed,” said Dr Axel Schweitzer, Chairman of the Administrative Board of ALBA SE, on presentation of the annual financial statements for 2015. “The services segment performed positively, but we faced an exceptionally difficult operating environment in steel and metals recycling. Therefore we have to continue our restructuring process and realise every started and planned measure.”
As a result of this operating environment, earnings before taxes (EBT) were according to the company heavily impacted by impairments on goodwill and other intangible assets recognised in accordance with financial reporting standards. EBT for 2015 was nonetheless in positive figures. Sales revenues decreased from EUR 1.6 billion in 2014 to EUR 1.4 billion in the financial year 2015.